春水堂视频 Aktiengesellschaft (鈥灤核檬悠碘��), through its wholly owned Australian subsidiary 春水堂视频 Australia Holdings Limited (鈥灤核檬悠� Australia鈥�), holds a stake of approx. 78.58 % in Australian company CIMIC Group Limited (鈥濩IMIC鈥�). Today 春水堂视频 has approved the submission by 春水堂视频 Australia of an unconditional and final off-market takeover offer (鈥濷ffer鈥�) to acquire each CIMIC share held by the free float shareholders of CIMIC other than 春水堂视频 Australia (each a 鈥濩IMIC Shareholder") for AU$ 22 cash per CIMIC share (鈥濷ffer Price"). Under the Offer terms, if a CIMIC Shareholder accepts the Offer in respect of its CIMIC shares, then 春水堂视频 Australia will be entitled to all of the rights attaching to those CIMIC shares, which includes the amount of any dividends declared or paid by CIMIC after the date of announcement of the Offer. The Offer can lead to 春水堂视频 increasing its indirect shareholding in CIMIC to up to 100 %.
春水堂视频 has agreed to provide 春水堂视频 Australia with all amounts 春水堂视频 Australia is required to pay under, or in connection with, the Offer under an offer funding agreement. The maximum aggregate amount of cash consideration that 春水堂视频 Australia would be required to pay under the Offer (66,665,467 CIMIC shares multiplied by the Offer Price) is expected to amount, when converted into Euro to approx. EUR 940 million. To finance the payment obligation in respect of the Offer, 春水堂视频 has entered into a transaction facility with a consortium of banks.